Last week, Aster announced that there will be no more deposit points.

As a result, the holding amount of USDF has been decreasing, peaking at 146M, and currently only 77M, a decline of about 50% (data from DeFillama).

➤ Friends who haven't redeemed yet are probably thinking:

1) Speculate: Hold Aster assets, there will still be airdrop weight;

2) Transfer assets to the contract account to gain trading point bonuses;

In theory, since the official has taken snapshots, there shouldn't be any more airdrops, but who knows.

A recent fund I deposited into Aster has been less than half a month, the airdrop snapshot has been taken, but redemption will deduct 0.1% of the principal, which is equivalent to 6 days of interest loss based on asUSDF's interest rate.

It's a bit annoying, but there's nothing I can do.

I initially prepared a sum of funds specifically for @Aster_DEX and @StandX_Official, the original plan was to earn interest on Aster deposits and speculate on airdrops, then transfer to StandX after Aster's TGE to continue earning interest and speculate on airdrops, but now it has been advanced.

Interestingly, after a large whale deposited into StandX two weeks ago, its stablecoin DUSD has been steadily increasing in holding amount every day.

I guess many friends share my thoughts, first Aster then StandX.

However, StandX has not completely absorbed the outflow of funds from Aster, which indicates that it is still not too competitive, especially since the contract features are not yet online; it is still in the early bird phase.

After all, both support BNB Chain, both have Binance backgrounds, both are Perp DEX products, and both have stablecoins.

Even the minting and redemption mechanisms of the two stablecoins are the same, minting is free, redemption is 0.1%, but can be directly exchanged on-chain.

Not long ago, the on-chain price of DUSD was below 1 USDT, and now it is above 1, I was originally thinking of using on-chain exchange to make up for the redemption loss of USDF, but there's no way out now.

If only I could have deposited earlier, I could have made back this little loss sooner, 🤣

Lastly, a complaint about Aster, your actions are just too slow!